All of the Following Statements Are TRUE Regarding Probability Distribution

question 97

Multiple Choice

All of the following statements are TRUE regarding probability distribution EXCEPT:

• A)Small businesses tend to experience more volatility than large organizations and can therefore benefit greatly from using probability distributions to estimate future outcomes and events.
• B)The normal distribution has wide applications in business.
• C)Excel offers many probability distribution functions with wide applications across many different industries of business, science, engineering, and mathematics.
• D)A normal distribution is one of the least used distributions in statistics.

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Definitions:

Culture-Bound

Conditions or phenomena that are understood or perceived within the context of a specific culture.

Researchers

Individuals who conduct systematic investigation to establish facts and reach new conclusions in various fields of study.

Age-Related Memory

Refers to changes in memory function that occur as part of the normal aging process, often characterized by slight declines in the ability to remember new information or retrieve memories quickly.